Debt Archives - MintLife Blog

Options for Teacher Student Loan Forgiveness

November 27, 2020 / Zina Kumok

Loan forgiveness is a trade-off. It’s about incentivizing graduates to work in low paying or otherwise undesirable positions in exchange for erasing or significantly reducing their student loan balance. Without these programs, important community institutions would be severely understaffed. If...

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Debt, Student Finances

I Dropped Out of College: My Student Loan Repayment Options

October 22, 2020 / Zina Kumok

No one intends to drop out of college. If you show up to campus for your freshman year, chances are you plan to graduate in four years and use your degree to land a job. Maybe you even have the...

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Debt

What Is the Statute of Limitations on Debt?

May 1, 2020 (Last Modified: January 13, 2021) / Turbo

The statute of limitations on debt is a law that determines the amount of time a creditor or debt collector has before legal action can no longer be used as a method of acquiring your debt. When you don’t pay...

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Debt

Your Guide to Coronavirus and Dealing with Debt

April 27, 2020 (Last Modified: January 13, 2021) / Su Yee Aw

No matter what halts around us, there’s always a laundry list of constants – work obligations, bills, family needs, and all of the adult responsibilities that consume our time every single day. The pressure can stack up quite heavily, showing...

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Debt

What Is the Debt Avalanche? How to Tell If It’s Right for You

April 6, 2020 (Last Modified: January 13, 2021) / Turbo

A debt avalanche is the process of paying off your loans starting with the highest interest rate and making your way down to paying off your debts with the lowest interest rates. Typically, with a debt avalanche, the balance isn’t...

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Debt

How to File for Student Loan Bankruptcy

April 6, 2020 (Last Modified: January 13, 2021) / Turbo

Many people are unaware that you can discharge your student loans by filing for bankruptcy. However, this is one of the most difficult debts to get relieved of. If you are going to try this, then you must prove that...

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Debt

Can Debt Consolidation Help with Payday Loans?

March 12, 2020 (Last Modified: January 13, 2021) / nstelmar

You might’ve heard the term “payday loan” or at least recognize the marketing messages associated with them: “Get Cash Fast!” and “Need Cash Today?” on daytime TV or in print ads. But how much do you know about how payday...

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Debt

Spring Break Travel Tips to Save Your DTI Ratio

February 27, 2020 (Last Modified: January 13, 2021) / Su Yee Aw

Spring break is a common time for students, young adults and families alike to take trips that they might not take during the year. Since most schools are off for at least a week, many people use this time to...

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Debt

How To Not Go Into Debt Over A Vacation

February 24, 2020 (Last Modified: January 13, 2021) / Mahima Dutt

Is it just me or is everyone under the sun planning a vacation? Let’s be honest though, whether those plans involve a ski trip or a beach- they can get pricey. Between airfare, hotel accommodations, spending money, and other added...

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Debt

Is Debt Consolidation Right For You?

February 21, 2020 (Last Modified: January 13, 2021) / Su Yee Aw

You and a friend are out to lunch and they can’t stop bragging about how life is so much better now that they’re finally debt-free. You ask how they managed to pay off all their debt in a short time...

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